Unfortunately KPMG is not ranked in the Fortune 500. Too sad. Don’t worry though!!! They should be ranked in the Fortune 500. In fact all of the big 4 public accounting firms should be ranked in the Fortune 500 because they make billions of dollars. They are all actually above $20 billion dollars of revenue. For comparison sakes, the 500th company on the Fortune 500 list only makes about $5 billion in revenue per year. That means that the smallest big 4 firm makes 4 times what they make.
KPMG is a large private company in the United States, so they should be on the list.
Maybe they don’t have enough revenue to be on the list? Well, no that can’t be true because they have more than enough revenue to be on the list as we discussed above.
First on the list is Walmart with well over $400 billion in revenues for their last fiscal year.
Let’s take a look at KPMG’s latest fiscal year revenues to understand where they might land.
As of their last global financial report, KPMG earned 2016 revenues of $25.42 billion internationally.
Let’s trace back to the Fortune 500 list to see where that amount of revenue might land.
If you take a look at the Fortune 500 rankings, it appears that KPMG would land between a famous restaurant chain and technology company. They would be between Tech Data and McDonald’s. McDonald’s can you believe that? Can you believe that KPMG earns more than McDonald’s. That seems crazy to me. That shows that the largest accounting firms in the world deserve to be on this list.
Tech Data made $26.38 billion in revenue for their latest fiscal year. McDonald’s earned about $25.41 billion in revenue, so we could say that KPMG would be above McDonald’s on the Fortune 500 list.
Since KPMG would replace McDonald’s in this ranking that means that KPMG would earn a ranking of 109 on the Fortune 500.
That is not too shabby because it puts them in the Top 125 of companies in the Fortune 500. That is the top 25% of all earnings of major corporations which is not too bad.